M4MM

Hawaii Lawmakers Advance Voter Measure on Rec Cannabis Legalization

HONOLULU – A group of 15 Hawaii state lawmakers introduced companion bills in the House and Senate, seeking to amend the state constitution and send the question of recreational Cannabis legalization to voters in the ...

Aurora Cannabis Secures EU-Wide Rights for Two Proprietary Strains

EDMONTON – Aurora Cannabis Inc. has won rights from the European Community Plant Variety Office (CPVO) for two homegrown strains, Farm Gas and Sourdough. The decision hands the company sole authority to produce and distribute ...

New Jersey Clears Path for $6M Psilocybin Pilot

TRENTON – The New Jersey Legislature gave final approval last week to a measure that sets up a state-backed pilot program for psilocybin therapy, allocating $6 million to explore the compound's role in treating mental ...

Curaleaf Secures Virginia Foothold with Purchase of Cannabist Assets

STAMFORD – Curaleaf Holdings, Inc. has entered into an agreement to purchase key Cannabis operations in Virginia from The Cannabist Co. Holdings Inc. for $110 million, marking a calculated move into one of the East ...

Virginia Panel Outlines Path to Regulated Cannabis Sales in 2026

RICHMOND – Members of Virginia's Joint Commission to Oversee the Transition of the Commonwealth into a Cannabis Retail Market presented a series of amendments to create a licensed system for adult-use Cannabis sales, targeting a ...

Texas Regulator Awards Verano Conditional License to Operate in State’s Medical Cannabis Market

AUSTIN – The Texas Department of Public Safety has issued a conditional license to Verano Texas, LLC, a subsidiary of Verano Holdings Corp., paving the way for the MSO to pursue cultivation, processing, and retail ...

Sensi Brands Secures Major Cultivation Site in Bid for Overseas Expansion

RICHMOND HILL – Sensi Brands Inc. completed its purchase of Maricann Inc., gaining control of a sprawling production facility tailored for export markets. The deal, the company's biggest to date, centers on a 100-acre campus ...

Hawaii Lawmakers Advance Voter Measure on Rec Cannabis Legalization

Aurora Cannabis Secures EU-Wide Rights for Two Proprietary Strains

New Jersey Clears Path for $6M Psilocybin Pilot

Ohio Legislature Considers Ban on Intoxicating Hemp Products

LOS ANGELES- Ohio lawmakers are evaluating Senate Bill 326, introduced by State Senator Steve Huffman (R-Tipp City), which aims to prohibit the sale of intoxicating hemp products. The proposed legislation defines such products as those ...

Breadstack: Is This The Winning Formula for Cannabis eCommerce?

LOS ANGELES—As a founding member of the Cannabis Open Standards Technology Alliance (COSTA), Breadstack has firmly established itself as a trailblazer in cannabis e-commerce. Based in Canada, the company has risen to meet the unique ...

HYTN Innovations Secures UK Import Permits and Initial Order from 4C Labs

LOS ANGELES- HYTN Innovations Inc., a pharmaceutical company specializing in psychoactive and psychotropic compounds, including cannabis and psilocybin, has received initial orders and import permits from the United Kingdom's 4C Labs. This development enables HYTN ...

A LIFE IN A DAY: Riel Roussopoulos: Head of Marketing: Breadstack

Riel Roussopoulos is a Canadian marketer and technologist with extensive experience driving growth in a variety of industries, including e-commerce, entertainment, real estate, fitness, and cannabis. He leverages his expertise in SEO, video production, copywriting, ...

Federal Policy Uncertainty Continues to Challenge U.S. Cannabis Industry

LOS ANGELES- The U.S. cannabis industry remains in a state of flux due to ongoing federal policy uncertainties, impacting market dynamics, investment strategies, and regulatory compliance. In August 2024, the U.S. Drug Enforcement Administration (DEA) ...

New York’s Legal Cannabis Sales Approach $1 Billion Milestone

LOS ANGELES- New York State's legal cannabis market is on track to surpass $1 billion in sales by the end of December 2024, marking a significant achievement since the market's inception two years ago. As ...

Green Thumb Industries Secures $150 Million Credit Facility to Retire Existing Debt

LOS ANGELES- Green Thumb Industries Inc. (GTI), a national cannabis consumer packaged goods company and owner of RISE Dispensaries, has closed a $150 million five-year syndicated credit facility led by Valley National Bank. The company ...

LeafLink Acquires Leaf Trade to Enhance Cannabis Wholesale Platform

LOS ANGELES- LeafLink, a cannabis wholesale platform, has acquired Leaf Trade, a wholesale marketplace serving multi-state operators (MSOs) and enterprise cannabis companies. This strategic move aims to streamline operations for cannabis businesses of varying scales. ...

Canopy Growth Appoints New CEO Amid Financial Challenges

LOS ANGELES- Canopy Growth Corp., a cannabis industry, has announced the appointment of Luc Mongeau as its new Chief Executive Officer, effective January 6. Mongeau succeeds David Klein in this leadership role. With over 25 ...

Nebraska Judge Upholds Voter-Approved Medical Cannabis Initiatives

LOS ANGELES- A Nebraska district court has affirmed the validity of two voter-approved measures concerning medical cannabis, dismissing allegations of fraudulent signature collection. The legal challenge aimed to invalidate Measures 437 and 438, which were ...

Germany’s Cannabis Legislation Faces Criticism

LOS ANGELES- Germany's recent legalization of cannabis has encountered significant criticism from various stakeholders, highlighting challenges in its implementation and effectiveness. Criticism from Berlin's Justice Senator Felor Badenberg, Berlin's Justice Senator, has expressed concerns that ...

Cannara Biotech Reports Record Growth in Fiscal 2024

LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase ...